COMMUNITY CREDIT UNION (EIN 010206603) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

JENNIFER HOGAN

Phone

2077832096

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY CREDIT UNION is a tax-exempt nonprofit with EIN 010206603, based in LEWISTON, ME. Founded in 1945, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $9,121,890 in total revenue and $8,275,831 in total expenses, with net assets of $11,286,087.

Mission

COMMUNITY CREDIT UNION IS A MEMBER OWNED ORGANIZATION THAT STRIVES TO PROVIDE FINANCIAL SERVICES TO ENSURE STABILITY FOR ALL MEMBERS, EMPLOYEES AND COMMUNITIES AT ALL STAGES OF LIFE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,121,890

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,121,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,564,817

Fundraising Expenses $0

Program Expenses $8,275,831

Other Expenses $5,711,014

TOTAL EXPENSES $8,275,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,121,890	$7,357,116	+0.2%
Expenses	$8,275,831	$6,572,177	+0.3%
Net Income	$846,059	$784,939	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$191,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEEL VIRGINIA	BOARD MEMBER	1.00	Director	$0	$0	$0
SCHMIEKS BARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAMS KATE	TREASURER	1.00	Officer Director	$0	$0	$0
CHAPMAN MAYNARD	BOARD MEMBER/AC CHAIR	1.00	Officer Director	$0	$0	$0
GAGNE MARCEL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KEENE ELIZABETH	VICE BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HOGAN JENNIFER	PRESIDENT & CEO	40.00	Officer	$185,591	$6,246	$191,837

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$9,121,890	$8,275,831	$110,687,344	$846,059
2023	$7,357,116	$6,572,177	$99,902,525	$784,939
2022	$6,012,945	$4,932,842	$94,739,366	$1,080,103
2021	$6,619,474	$4,235,672	$89,168,246	$2,383,802
2020	$4,212,007	$3,913,622	$80,177,074	$298,385
2019	$4,143,288	$3,911,627	$63,352,838	$231,661
2018	$3,889,078	$3,674,906	$58,667,089	$214,172

COMMUNITY CREDIT UNION